New Delhi, January 22 – The Sukanya Samriddhi Yojana (SSY), a flagship savings scheme for the girl child, marked its 11th anniversary on Thursday. Launched to empower India’s daughters, this initiative has transformed into one of the most trusted financial tools, promoting long-term savings while securing brighter futures.
Introduced on January 22, 2015, under the ‘Beti Bachao, Beti Padhao’ campaign, SSY goes beyond mere deposits. It encourages families to plan proactively for their daughters’ education, health, and independence. Over the years, it has sparked widespread awareness, with over 4.53 crore accounts opened by early 2026, reflecting growing parental responsibility.
Currently offering 8.2% annual interest – the highest among government schemes for girls – SSY guarantees principal and interest backed by the Government of India. This low-risk option is tailor-made for funding higher education and weddings, aligning perfectly with women’s empowerment goals.
Parents or legal guardians can open an SSY account at any post office or authorized bank for girls from birth up to 10 years old. Only one account per girl is allowed, with a family limit of two, except for twins or triplets. Accounts are fully transferable across India, managed by guardians until the girl turns 18.
Required documents include the account opening form, birth certificate, Aadhaar, and PAN or Form 60. Deposits range from a minimum of ₹250 to ₹1.5 lakh annually, possible for 15 years from opening. Interest compounds monthly and credits yearly, maximizing growth.
Partial withdrawals up to 50% are permitted after the girl turns 18 or passes 10th grade, strictly for education with proof. Maturity comes at 21 years, with premature closure only for marriage post-18 or in case of death, and no closures in the first five years.
With tax benefits, high returns, and flexible features, SSY stands out as the premier long-term savings plan. It instills saving habits in families, ensuring daughters’ financial security and self-reliance in an ever-changing world.